1208 GMT - Rio Tinto's CEO says shareholders "shouldn't be too worried" about the escalating tariff war, saying the world's second largest miner by value will navigate any changes in trading between nations. Rio Tinto both runs big operations in and is a big supplier of foreign commodities into the U.S., Jakob Stausholm tells investors in London. "There might be certain things that go in our favor, there might be certain things that don't go in our favor," he says. Aluminum tariffs pose a challenge for the miner, which is the biggest aluminum producer in the West and ships significant amounts of the metal into the U.S. from Canada. In that business, "there will be an impact, but it is manageable," Stausholm says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 03, 2025 08:08 ET (12:08 GMT)
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